Author: NBTC
The U.S. Department of Justice and the Commodity and Futures Trading Commission (CFTC) have charged and sued leading global cryptocurrency exchange KuCoin and two of its founders for violating the Bank Secrecy Act and Unlicensed Money Transmission. USDOJ: Prominent Global Cryptocurrency Exchange KuCoin And Two Of Its Founders Criminally Charged With Bank Secrecy Act And Unlicensed Money Transmission Offenseshttps://t.co/cbmj4chzG7 — Tree News (@News_Of_Alpha) March 26, 2024 In its announcement, the US Department of Justice alleged that KuCoin and its co-founders Chun Gan and Ke Tang violated US Anti-Money Laundering Laws by making KuCoin one of the largest cryptocurrency exchanges in…
Nyan Heroes, a cat-themed hero shooter with blockchain assets on Solana, has launched its early access playtest on PC via the Epic Games Store. The “pre-alpha demo,” as developer 9 Lives Interactive described it, will be available for anyone to download and play until April 9. It offers players the ability to earn MEOW points, which will enable them to receive a share of the upcoming NYAN token airdrop on Solana. Nyan Heroes, which 9 Lives Interactive Creative Director and CEO Max Fu described to Decrypt’s GG as a hybrid of shooters like Overwatch and Titanfall, lets players take control…
The price of the MUMU meme cryptocurrency experienced a notable surge following a cryptic post from Binance, the world’s largest crypto exchange. Within the span of an hour, MUMU’s value rose by over 13%, prompted by a seemingly innocuous message featuring a bull emoji on Binance’s official social media account. Speculation quickly ensued among crypto enthusiasts regarding the potential significance of Binance’s post, drawing parallels to similar instances in the past, where social media hints from the exchange correlated with notable price movements on other tokens. 🐂 — Binance (@binance) March 21, 2024 Notably, in January, a similar scenario unfolded…
The world’s legal systems are straining to adapt to transactions facilitated by smart contracts, cryptocurrencies, digital assets, and other developing blockchain technologies. One of these innovation — commonly known as “Decentralized Autonomous Organizations” or “DAOs” — offers potentially revolutionary mechanisms for conducting governance and transactions among participants. Keith Ammon is a four-term elected Representative in the New Hampshire State Legislature. Bill Ardinger has practiced law in NH for almost 40 years, representing businesses on tax and transactional matters and seeking policy improvements. Both served on the New Hampshire Commission on Cryptocurrencies and Digital Assets. New Hampshire is considering legislation (HB…
The Saga network’s airdrop campaign is coming to a close. The layer-1 chain, which has a substantial gaming presence, is set to end its airdrop claim process at 12:00 UTC on Wednesday, March 27, giving eligible users precious few hours left to secure their bag. Saga conducted a “play-to-airdrop” campaign from December 2023 into early 2024—the first part of a three-phase airdrop campaign to reward players, DeFi stakers, and NFT holders. The campaign incentivized players who competed in certain games by making them eligible for an airdrop of the native token, SAGA, of the soon-to-launch Saga blockchain mainnet. In addition…
TL;DR The Napoli update on Polygon introduces support for RIP-7212, a Rollup Improvement Proposal that enhances interoperability with conventional technology. Napoli also includes improvements in block space efficiency and network security. This collaboration underscores the importance of Layer 2 solutions for Ethereum’s mass adoption. Polygon’s recent Napoli update marks a significant milestone in the evolution of Layer 2 solutions on the Ethereum network. This update, which includes support for the first Rollup Improvement Proposal (RIP-7212), aims to enhance the interoperability of rollups with conventional technology. In addition to this improvement, Napoli also brings three significant updates introduced in Ethereum’s recent…
The Commodity Futures Trading Commission filed a complaint against the companies that operate the crypto exchange KuCoin. “The complaint charges KuCoin illegally dealt in off-exchange commodity futures transactions and leveraged, margined or financed retail commodity transactions; solicited and accepted orders for commodity futures, swaps, and leveraged, margined or financed retail commodity transactions without registering with the CFTC,” the press release said. In the CFTC’s complaint against the exchange, the regulator says that KuCoin allowed investors to trade commodities including bitcoin, ether and litecoin. “These actions brought KuCoin squarely within the CFTC’s authority and required that KuCoin register with the CFTC…
In a move to expand its cryptocurrency offerings, Liquid Markets, operated by DWF Labs, has recently added MASK Network ($MASK), GALA ($GALA), ARPA Network ($ARPA), API3 ($API3), and Beam ($BEAM) to its list of tradable assets. This meets traders’ changing needs and adds cryptocurrencies. This strategic move gives cryptocurrency traders more options and chances. It shows the platform’s commitment to user needs. Earlier, Liquid Markets added $LADYS, $FLOKI, and $JOE to its list. Liquid Markets Introduces Trading Pairs for Leading Cryptocurrencies These tokens can now be traded on Liquid Markets against, a popular stablecoin. Liquid Markets’ MASK/USDT, GALA/USDT, ARPA/USDT, API3/USDT,…
On Thursday, Sam Bankman-Fried and his family will finally hear the words they’ve been anticipating for months now: the decision of a Manhattan judge, as to how many years the disgraced FTX founder will spend in prison for his October conviction on seven criminal fraud and conspiracy charges. Also nervously awaiting the ruling: scores of degens who have gambled hundreds of thousands of dollars on the length of Bankman-Fried’s sentence. On crypto gambling site Polymarket, users have already collectively bet some $657,000—and counting—on the outcome. Betting options include ranges like less than 5 years, 5-to-10 years, 10-to-20 years, 20-to-30 years,…
Goldman Sachs’ hedge fund clients are also showing renewed interest in cryptocurrency markets. This follows the recent approval of ETFs, which has led to a resurgence of interest and activity in the crypto space. “Many of our largest clients are active or exploring becoming active in this space,” Max Minton, Goldman’s Asia Pacific head of digital assets, said in an interview. Goldman Sachs, which launched its crypto trading desk in 2021, currently offers cash-settled Bitcoin options and Ethereum options trading in addition to Bitcoin and Ethereum futures listed on CME. However, it does not trade the underlying cryptocurrencies. Minton noted…